Investing.com investing.com 28 Dec, 2020 00:00 am

Chinese banks to feel fund-raising pain as investors fear bad loans By Reuters

Chinese banks to feel fund-raising pain as investors fear bad loans By Reuters
Chinese banks to feel fund-raising pain as investors fear bad loans

2 trillion yuan ($18 billion) in the first 11 months of the year, off the pace of 1.5 trillion yuan for all of 2019, data from Fitch Ratings shows.25 trillion yuan of capital in 2021, Shenzhen-based brokerage Guosheng Securities estimates.7 trillion yuan by the end of 2024 to meet requirements set by the Basel-based Financial Stability Board, according to Fitch.

" The four largest - Industrial and Commercial Bank of China, China Construction Bank (OTC: CICHF ), Agricultural Bank of China (OTC: ACGBF ) and Bank of China - face a shortfall in this loss-absorbing debt of 4.Fund-raising tools include tier-two bonds, perpetual bonds for bigger banks, public share offerings, strategic capital injections and government-led investments for smaller lenders.

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